Dogecoin and Shiba Inu: Shiba slides to 0.00000880 level
This morning, we saw the Dogecoin price drop to the 0.07728 level.
The Shiba Inu price fell to 0.00000880 this morning, forming this week’s low.
Dogecoin chart analysis
This morning, we saw the Dogecoin price drop to the 0.07728 level. This week’s low was formed, and the price managed to get a pdorška there and start a counterattack. We are now at the 0.07915 level and expect to see a continuation of the Dogecoin price resistance. Potential higher targets are 0.08000 and 0.08100 levels.
In the area around 0.08000, we come across the EMA200 and hope to see a break above to gain its support. We need a negative consolidation and a new pullback at the support level of 0.07700 for a bearish option. With pressure in the support zone, the price could easily break below and continue the pullback. Potential lower targets are 0.07600 and 0.07500 levels.
Shiba Inu chart analysis
The Shiba Inu price fell to 0.00000880 this morning, forming this week’s low. We managed to stop the decline and initiate a bullish consolidation to the 0.00000890 level. If we continue with this consolidation, the price will have the opportunity to recover from the previous decline.
Potential higher targets are 0.00000900 and 0.00000910 levels. Additional resistance to continuation on the bullish side will be in the EMA200 moving average at the 0.00000910 level.
For a bearish option, we need a negative consolidation and price pullback to support at 0.00000880. With increased bearish momentum, we would form a new low and confirm the bearish trend. Potential lower targets are the 0.00000870 and 0.00000860 levels. Last week’s low price, Shiba Inu, was at 0.00000843 level.
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